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AI brief of an SEC Form 8-K · Edible Garden AG Inc (EDBL)

Edible Garden closes $6.3 million Iowa facility purchase, funded partly by secured note

Neutral Impact 3 of 5 m&a Written later

Edible Garden completed the acquisition of a property in Hamilton County, Iowa, on October 30, 2026, for an aggregate purchase price of $6,325,000. The property is being developed as the company's Prairie Hills ready-to-drink manufacturing facility. The price was paid with Series B Preferred Stock and a $3,825,000 secured promissory note carrying 8% interest, which adds debt that is secured by the property.

Key points

  • Purchase price of $6,325,000 includes $2,500,000 in Series B Preferred Stock (1,000 shares at closing and 1,500 shares issued September 30, 2026) and a $3,825,000 note
  • Note matures five years after issuance, bears 8% interest compounded daily, and is secured by a mortgage on the property
  • Property is held by subsidiary Edible Garden Prairie Hills LLC and is being developed as the Prairie Hills ready-to-drink manufacturing facility
  • Preferred shares were issued to Streeterville Capital, LLC in a private transaction with no underwriting discounts or commissions

The filing

CompanyEdible Garden AG Inc (EDBL)
Form8-K, current report
Filed with the SECOct 30, 2026, 4:09 PM ET
Accession number0001477932-26-006550

Items reported: 2.01 Acquisition or Disposition Completed2.03 New Direct Financial Obligation3.02 Unregistered Equity Sale

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 30, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.